Odisha secured investment proposals worth approximately ₹1,17,557 crore through the signing of 18 Memoranda of Understanding (MoUs) at the Bharat Renewable Energy Summit & Expo (BRES) 2026, held at Bharat Mandapam, New Delhi on Tuesday, 3 November 2026. The agreements represent a tentative capacity addition of around 11,742 MW across renewable energy and emerging clean-energy sectors, marking what officials described as a landmark moment in the state's clean-energy transition.

What the MoUs Cover

The proposed investments span a wide spectrum of clean-energy technologies, including pumped storage, solar, wind, hybrid renewable energy, battery storage, green hydrogen, green data centres, and other emerging technologies. The Energy Department of Odisha signed an MoU with 15 renewable energy developers and industry partners — among them Hinduja Renewables, Renew Green, Suzlon Renewable Development, MeghaMani Renew Energy, and the India Energy Storage Alliance (IESA).

Separately, state-run GRIDCO Limited formalised an institutional partnership with the Centre for Mission on Energy Transition (CMET-MANIT Bhopal), Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL), and IIT Bhubaneswar. That pact is aimed at establishing a framework for technical research, grid modernisation, renewable integration, and capacity building between Odisha and Madhya Pradesh.

State Leadership's Vision

Chief Minister Mohan Charan Majhi described the signings as a 'watershed moment' in Odisha's clean-energy journey. Inaugurating the Odisha Pavilion alongside Deputy Chief Minister Kanak Vardhan Singh Deo, he outlined an ambition for Odisha to source 74 per cent of its installed power capacity from non-fossil fuel sources by 2047, and to rank among India's top five power-exporting states.

Majhi also set a target of meeting at least 33 per cent of industrial electricity consumption through green power at competitive tariffs. Declaring that 'Odisha is open for business and ready for clean energy investment,' he highlighted three priorities for investors: a stable and predictable policy framework, time-bound approvals through a single-window mechanism, and proactive strengthening of transmission infrastructure ahead of generation capacity.

Transmission Infrastructure Push

To back the clean-energy ambition with physical infrastructure, Chief Minister Majhi highlighted ₹15,948 crore sanctioned under the Mukhya Mantri Shakti Bikash Yojana for modernising and expanding the state's power transmission network. Odisha's strategic deep-water ports at Paradip, Dhamra, and Gopalpur were cited as additional competitive advantages for green hydrogen and clean-energy export corridors.

Union Government's Endorsement

Union Minister Pralhad Joshi underlined Odisha's strategic role in India's national clean-energy transition at the summit, pointing to the state's abundant natural resources, strong industrial base, and port infrastructure as decisive factors in attracting investment. He flagged renewable energy storage, floating solar, wind power, green hydrogen, and green ammonia as the highest-opportunity segments going forward.

The summit's Odisha State Plenary on 'Investment Opportunities in the Renewable Energy Sector in Odisha' drew participation from over 900 delegates, signalling strong industry interest. Satya Priya Rath, Managing Director of GRIDCO Limited, formally exchanged the MoUs with the respective industry partners in the presence of the Chief Minister and Deputy CM. With sectoral guidelines and project timelines yet to be detailed, the pace of actual project commissioning will be the next critical benchmark for Odisha's clean-energy story.